UPDATE 1-Russia Chelyabinsk Zinc cuts 2009 output forecast
* Cuts 2009 zinc output forecast to 100,000-110,000 t
* 9m 2008 net loss 1,093 million roubles ($38.58 million)
* 9m 2008 revenue falls to to 8,318 million
By Polina Devitt
MOSCOW, Dec 23 (Reuters) - Chelyabinsk Zinc Plant (CHZN.MM: Quote, Profile, Research), Russia's largest zinc producer, revised on Tuesday its 2009 output forecast for the second time this year after posting a loss in the first nine months of this year.
"The total output will be somewhere between 100,000 and 110,000 of zinc," Chairman Sergei Moiseyev told a telephone conference call.
"This is what we expect now, unless the price goes up substantially."
In October, Chelyabinsk said it expected the company to produce 150,000 tonnes. Chelyabinsk did not give its earlier forecast for 2009, but has predicted 2008 output of 170,000 tonnes. Continued...
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